Posts Tagged ‘banking’

TSYS CEO and Chair Phil Tomlinson Updates Rotarians on the Fortunes of TSYS

July 8, 2009
Philip Tomlinson, CEO, Chair, TSYS, Columbus, GA  (Courtesy of TSYS, unauthorized usage not permitted)

Philip Tomlinson, CEO, Chair, TSYS, Columbus, GA (Courtesy of TSYS, unauthorized usage not permitted)

TSYS CEO and Chairman of the Board Phil Tomlinson told Columbus Rotarians today that while the company has a lost a big customer, Washington Mutual,  and could lose another one, Bank of America merchant services,  things, over all, are going well.  He did say that TSYS customers are mainly banks and banks are having big problems.  But, he made it clear that TSYS was not in the loan making business.

He admitted that there have been significant credit card abuses by some banks,  but thinks the new regulations being put in place by the Obama administration will cause problems,  mainly an increase in costs. 

He also said credit card companies are an easy target for politicians.

He told me that TSYS has not laid off any employees – he calls them “team members” –  and that the company is working to see that does not happen, and has high hopes that it will not.

Advertisements

Synovus Looks at Government Offer to Buy Shares

October 15, 2008

   While the nation’s nine largest banks have signed an agreement to sell shares in their banks to the government, smaller banks will also be a part of the action. Richard Anthony, Chairman and CEO of Synovus told me today that his company is “looking at” the offer.

Richard Anthony, Chairman and CEO, Synovus

Richard Anthony, Chairman and CEO, Synovus

  “Do you need it?” I asked,.

  “Well, not right now, but, looking to the future, we can never not be interested in capital sources.”

   He likes the idea of the government buying equity as opposed to pouring tax dollars into toxic mortgage securities, which is what it appeared would happen when Congress first agreed to the $700 billion banking bailout. 

  “So the government is going to have some ownership in banks,” I said.

  “Well, yes, but it will not be voting stock. It will be preferred stock.”

Stephen A. Melton, CB&T President and CEO

Stephen A. Melton, CB&T President and CEO

   And how has this financial crisis affected business at Synovus’ Columbus Bank and Trust Company? President and CEO Stephen Melton says business is slower, but it’s not because CB&T has changed or tightened its loan policy. That hasn’t changed, he said. “We are making fewer loans simply because demand is lower.”   

  Anthony said that the biggest problem is in the housing industry. He said that once that gets back up and running again things will get better. He was inducted into the Rotary Club of Columbus as a new member today.